India Inc faces GST demand notices for claiming blocked credits
GST notices worth several crores continue to bombard the industry leaving India Inc in a jiffy as corporates have claimed […]
GST Recent News
Income Tax, News
No penalty on non-disclosure of interest on tax refund: ITAT
In a case between a senior citizen and the income tax department, the tax tribunal’s Mumbai bench held that the
GST Law, Important Pronouncements
Penalty should not be imposed on ITC wrongly availed when Transitional Credit used for discharging tax liability
The Hon’ble Madras High Court in the case of M/s. PMA Controls India Limited v. Joint Commissioner of Central Tax
GST Recent News
Commercial Taxes dept detects use of multiple QR codes by hoteliers to evade tax
The vigilance wing of the Commercial Taxes department unearthed some hoteliers who were using 30 QR codes to suppress actual turnovers and evade
News
India may soon get access to data on “undisclosed” Indian-owned real estate assets abroad
In a yet another move to curb existence of black money, India is soon likely to get access to data
GST Recent News
Delta Corp gets another GST shortfall notice of ₹6,384 crore
Delta Corp has received fresh notices of alleged shortfall in the payment of Goods and Services Tax to the tune
export import, Press Release, Press Release
India’s September 2023 Exports Reach USD 63.84 Billion, with Merchandise Exports at USD 34.47 Billion
India’s overall exports (Merchandise and Services combined) in September 2023* is estimated to be USD 63.84 Billion, exhibiting a negative
GST Law, Press Release, Press Release
Press Note on Goa’s (Recovery of Arrears of Tax, Interest, Penalty, Other Dues through Settlement) Act, 2023
The Goa (Recovery of Arrears of Tax, Interest, Penalty, Other Dues through Settlement) Act, 2023 (Goa Act 34 of 2023)
CBDT Notification, Notification and Circular, Notification And Circular
CBDT; Stichting Pensioenfonds ABP designated as eligible for Tax Exemption on Indian Investments until March 31, 2024
The CBDT vide Notification No. 89/2023, dated October 13, 2023, designates Stichting Pensioenfonds ABP as an eligible pension fund for
CBIC, Notification And Circular, Notification and Circular
CBIC extends 20% Export Duty on Parboiled Rice Until March 31, 2024
The CBIC vide Notification No. 59/2023-Customs dated October 13, 2023 has issued the amendment in Notification No. 55/2022-Customs dated October